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Political woes weighing on Italy's borrowing costs - Saccomanni
September 11, 2013 / 11:05 AM / 4 years ago

Political woes weighing on Italy's borrowing costs - Saccomanni

Italy's Economy Minister Fabrizio Saccomanni speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, 2013.Yui Mok/POOL

ROME (Reuters) - Political uncertainty is weighing on Italy's borrowing costs and is the reason why its government bonds yields have recently risen above those of Spain, Italian Economy Minister Fabrizio Saccomanni said on Wednesday.

"Italy is paying the cost of political uncertainty," Saccomanni said at a conference in Rome. "Investors see a different prospect of political risk compared with Spain so we need to see if we can make progress on this front."

Reporting by Francesca Piscioneri, writing by Gavin Jones

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